New axioms for top trading cycles
The school choice problem is of great importance both in theory and practice. This paper studies the (student‐optimal) top trading cycles mechanism (TTCM) in an axiomatic way. We introduce two new axioms: MBG (mutual best group)‐quota‐rationality and MBG‐robust efficiency. While stability implies MB...
Gespeichert in:
| Veröffentlicht in: | Bulletin of economic research 2023-10, Vol.75 (4), p.1064-1077 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 1077 |
|---|---|
| container_issue | 4 |
| container_start_page | 1064 |
| container_title | Bulletin of economic research |
| container_volume | 75 |
| creator | Chen, Siwei |
| description | The school choice problem is of great importance both in theory and practice. This paper studies the (student‐optimal) top trading cycles mechanism (TTCM) in an axiomatic way. We introduce two new axioms: MBG (mutual best group)‐quota‐rationality and MBG‐robust efficiency. While stability implies MBG‐quota rationality, MBG‐robust efficiency is weaker than robust efficiency, which is stronger than the combination of efficiency and group strategy proofness. The TTCM is characterized by MBG‐quota rationality and MBG‐robust efficiency. Our results construct a new basis to compare the TTCM with the other school choice mechanisms, in terms of both fairness and incentive‐related axioms. |
| doi_str_mv | 10.1111/boer.12393 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2874843518</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2874843518</sourcerecordid><originalsourceid>FETCH-LOGICAL-c344t-56df4cd9973c98256a63cab9cee1ef09567c99d8346a8b6c018a75e43ec3b073</originalsourceid><addsrcrecordid>eNpF0E1LAzEQgOEgCtbqxV8Q8SZsTXbyeZTiFxS99B6y2VnZ0m7WZIv237t1Becyl4cZeAm55mzBx7mvIqYFL8HCCZlxoXRhpFGnZMaA6QJAm3NykfOGMaa4FjNy84Zf1H-3cZdpExMdYk-H5Ou2-6DhELaYL8lZ47cZr_72nKyfHtfLl2L1_vy6fFgVAYQYCqnqRoTaWg3BmlIqryD4ygZEjg2zUulgbW1AKG8qFRg3XksUgAEqpmFObqezfYqfe8yD28R96saPrjRaGAGSm1HdTSqkmHPCxvWp3fl0cJy5YwF3LOB-C4yYThhD7Nr8T40uR8AVhx-VU1ci</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2874843518</pqid></control><display><type>article</type><title>New axioms for top trading cycles</title><source>Wiley Online Library Journals Frontfile Complete</source><source>Business Source Complete</source><creator>Chen, Siwei</creator><creatorcontrib>Chen, Siwei</creatorcontrib><description>The school choice problem is of great importance both in theory and practice. This paper studies the (student‐optimal) top trading cycles mechanism (TTCM) in an axiomatic way. We introduce two new axioms: MBG (mutual best group)‐quota‐rationality and MBG‐robust efficiency. While stability implies MBG‐quota rationality, MBG‐robust efficiency is weaker than robust efficiency, which is stronger than the combination of efficiency and group strategy proofness. The TTCM is characterized by MBG‐quota rationality and MBG‐robust efficiency. Our results construct a new basis to compare the TTCM with the other school choice mechanisms, in terms of both fairness and incentive‐related axioms.</description><identifier>ISSN: 0307-3378</identifier><identifier>EISSN: 1467-8586</identifier><identifier>DOI: 10.1111/boer.12393</identifier><language>eng</language><publisher>Oxford: Blackwell Publishing Ltd</publisher><subject>Rationality ; School choice</subject><ispartof>Bulletin of economic research, 2023-10, Vol.75 (4), p.1064-1077</ispartof><rights>2023 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c344t-56df4cd9973c98256a63cab9cee1ef09567c99d8346a8b6c018a75e43ec3b073</cites><orcidid>0000-0002-0682-3150</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,27903,27904</link.rule.ids></links><search><creatorcontrib>Chen, Siwei</creatorcontrib><title>New axioms for top trading cycles</title><title>Bulletin of economic research</title><description>The school choice problem is of great importance both in theory and practice. This paper studies the (student‐optimal) top trading cycles mechanism (TTCM) in an axiomatic way. We introduce two new axioms: MBG (mutual best group)‐quota‐rationality and MBG‐robust efficiency. While stability implies MBG‐quota rationality, MBG‐robust efficiency is weaker than robust efficiency, which is stronger than the combination of efficiency and group strategy proofness. The TTCM is characterized by MBG‐quota rationality and MBG‐robust efficiency. Our results construct a new basis to compare the TTCM with the other school choice mechanisms, in terms of both fairness and incentive‐related axioms.</description><subject>Rationality</subject><subject>School choice</subject><issn>0307-3378</issn><issn>1467-8586</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><recordid>eNpF0E1LAzEQgOEgCtbqxV8Q8SZsTXbyeZTiFxS99B6y2VnZ0m7WZIv237t1Becyl4cZeAm55mzBx7mvIqYFL8HCCZlxoXRhpFGnZMaA6QJAm3NykfOGMaa4FjNy84Zf1H-3cZdpExMdYk-H5Ou2-6DhELaYL8lZ47cZr_72nKyfHtfLl2L1_vy6fFgVAYQYCqnqRoTaWg3BmlIqryD4ygZEjg2zUulgbW1AKG8qFRg3XksUgAEqpmFObqezfYqfe8yD28R96saPrjRaGAGSm1HdTSqkmHPCxvWp3fl0cJy5YwF3LOB-C4yYThhD7Nr8T40uR8AVhx-VU1ci</recordid><startdate>20231001</startdate><enddate>20231001</enddate><creator>Chen, Siwei</creator><general>Blackwell Publishing Ltd</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0002-0682-3150</orcidid></search><sort><creationdate>20231001</creationdate><title>New axioms for top trading cycles</title><author>Chen, Siwei</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c344t-56df4cd9973c98256a63cab9cee1ef09567c99d8346a8b6c018a75e43ec3b073</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>Rationality</topic><topic>School choice</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Chen, Siwei</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Bulletin of economic research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Chen, Siwei</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>New axioms for top trading cycles</atitle><jtitle>Bulletin of economic research</jtitle><date>2023-10-01</date><risdate>2023</risdate><volume>75</volume><issue>4</issue><spage>1064</spage><epage>1077</epage><pages>1064-1077</pages><issn>0307-3378</issn><eissn>1467-8586</eissn><abstract>The school choice problem is of great importance both in theory and practice. This paper studies the (student‐optimal) top trading cycles mechanism (TTCM) in an axiomatic way. We introduce two new axioms: MBG (mutual best group)‐quota‐rationality and MBG‐robust efficiency. While stability implies MBG‐quota rationality, MBG‐robust efficiency is weaker than robust efficiency, which is stronger than the combination of efficiency and group strategy proofness. The TTCM is characterized by MBG‐quota rationality and MBG‐robust efficiency. Our results construct a new basis to compare the TTCM with the other school choice mechanisms, in terms of both fairness and incentive‐related axioms.</abstract><cop>Oxford</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/boer.12393</doi><tpages>14</tpages><orcidid>https://orcid.org/0000-0002-0682-3150</orcidid><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0307-3378 |
| ispartof | Bulletin of economic research, 2023-10, Vol.75 (4), p.1064-1077 |
| issn | 0307-3378 1467-8586 |
| language | eng |
| recordid | cdi_proquest_journals_2874843518 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Rationality School choice |
| title | New axioms for top trading cycles |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-21T18%3A39%3A17IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=New%20axioms%20for%20top%20trading%20cycles&rft.jtitle=Bulletin%20of%20economic%20research&rft.au=Chen,%20Siwei&rft.date=2023-10-01&rft.volume=75&rft.issue=4&rft.spage=1064&rft.epage=1077&rft.pages=1064-1077&rft.issn=0307-3378&rft.eissn=1467-8586&rft_id=info:doi/10.1111/boer.12393&rft_dat=%3Cproquest_cross%3E2874843518%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2874843518&rft_id=info:pmid/&rfr_iscdi=true |